Financial Services Compensation Scheme  

FSCS declares two firms in default

FSCS declares two firms in default
(FTA library/ Carmen Reichman)

The Financial Services Compensation Scheme has declared West-Yorkshire based Carl Julian Hanson, trading as Bright Future, and Clwyd-based Chesterton Grant Ltd in default. 

According to the FCA Register, Carl Julian Hanson has not been authorised since March 2010. 

The firm, which traded as Bright Future, has had two claims made against it to the FSCS, it confirmed. 

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One was rejected and the other upheld, both relating to pension transfer advice but are not British Steel related.

Second firm 

Companies House records show that Chesterton Grant Ltd was dissolved in February 2024 and has not been authorised by the FCA since June 2023.

The lifeboat scheme told FT Adviser, it had received one claim against the firm relating to Sipp advice that was upheld. The claim was not British Steel related, the FSCS confirmed.

Last week, the lifeboat scheme declared London-based European American Capital Services Ltd in default.

It had received seven claims against the firm all relating to general investments.

One claim has been upheld, one rejected and the rest are still in progress. The FSCS confirmed none of the claims were British Steel related.

alina.khan@ft.com